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ARIUS Announces Third Quarter Fiscal 2007 Financial Results
Date:10/12/2007

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845,974 2,668,010

Expenses:

Research and development,

net of tax credits 6,461,991 3,175,663

General and administrative 2,833,070 2,162,020

Interest expense 2,313 547,755

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9,297,374 5,885,438

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Loss before the undernoted (8,451,400) (3,217,428)

Interest income 537,128 396,966

Loss on extinguishment of debt - -

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Loss before income taxes (7,914,272) (2,820,462)

Income taxes:

Current (190,429) -

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Loss and comprehensive loss

for the period (8,104,701) (2,820,462)

Deficit, beginning of period (21,476,594) (15,032,405)

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Deficit, end of period (29,581,295) (17,852,867)

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Loss per share - basic and diluted (0.18) (0.09)

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Weighted average common shares

outstanding 44,750,964 32,828,905

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SOURCE ARIUS Research Inc.
Copyright©2007 PR Newswire.
All rights reserved

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